GameStop's Profit Rises

GameStop Corp.'s fiscal-fourth-quarter profit jumped 49% as the videogame retailer trimmed costs, offsetting slightly lower revenue in its most important quarter of the year.

The company's shares rose Thursday, as executives also spoke positively about new game consoles coming from Sony Corp. and Microsoft Corp. later this year, as well as the retailer's growth prospects. GameStop has struggled as customers have turned to cheaper...